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to have a tremendous impact on the american economy and the whole country i hope. i think the president, if he needs to, as much as president obama and democrats hate the act and they hate to invoke blocking a strike for 90 days, president obama would have to do it if necessary and may have to in a month. >> kirsten, look. anybody that is going to -- we're in a very, very tenuous recovery right now. >> this could have a major impact. president obama would be loathed to go against the unions but he might have to do that if it has serious negative impact on the economy. >> charles? >> what is astonishing is how small a number people involved here. less than 15,000 for all the ports. you showed on the map. the east coast and the gulf coast. in the '60s, there were ten times as many. today you are working with a ten of the force. testament to automation. and to container of revolution. in the 1960s, new york and new jersey twice as many long shoreman as you have on the east coast. gulf coast. i think it's amazing that you would have had that small number of people who
to have a tremendous impact on the american economy and the whole country i hope. i think the president, if he needs to, as much as president obama and democrats hate the act and they hate to invoke blocking a strike for 90 days, president obama would have to do it if necessary and may have to in a month. >> kirsten, look. anybody that is going to -- we're in a very, very tenuous recovery right now. >> this could have a major impact. president obama would be loathed to go against...
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h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope that is the exception. don't earn more because you lose the safety net. maybe that did not have disincentive we would not h
h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those...
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on capitol hill to hold the american economy hostage, to threaten default on the american economy. >> the bottom line tonight is that white house officials are telling me unless john boehner admits that basically the president won the election, and that, in fact, taxes have to go up, in terms of tax rates have to go up on the rich, the president is prepared to see the nation go off the fiscal cliff, shep. >> shepard: what's the thinking on whether they can actually come together at some point here, ed? >> right now it's pretty dim. if you look at what speaker john boehner said in that exclusive interview with our own chris wallace on "fox news sunday." he said right now there are nowhere in these talks. other serious republicans like lindsey graham says he thinks we are edging closer to closer to this just being in calamity. >> i think we are going over the cliff. it's pretty clear to me that they made a political calculation. >> he believes we are likely to go of 00 cliff now. the bottom line is tonight the president is hosting congressional leaders for this congressional ball. basi
on capitol hill to hold the american economy hostage, to threaten default on the american economy. >> the bottom line tonight is that white house officials are telling me unless john boehner admits that basically the president won the election, and that, in fact, taxes have to go up, in terms of tax rates have to go up on the rich, the president is prepared to see the nation go off the fiscal cliff, shep. >> shepard: what's the thinking on whether they can actually come together at...
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and paying for it add broadly speaking, what will it do to the american economy, todd? >> dagen, you mentioned how american households would they he be able to actually stomach this, right now, americans were deleveraging since the recession started and now they're taking on more debt right now. and why is that? food costs up 6% and energy costs, dropping recently, but high for most of the year. you have to go out and take on more debt and now when you start squeezing that take home pay and less money that's there to pay the bills, you go into further debt. so, ancillary-- there are more negatives than positives, but realistically, it's a tragic for the economy. >> there's nothing in obamacare that addresses preventative care and some instances might cause people to be more reckless, hey health care will provide for it. you see the ground swell of welfare spending. and a lot of people are taking food stamps and buying yodels and ring-dings with it, nothing to keep them honest and off the taxpayer dime on the medical side. >> that's the final word, sarah, we've got to wr
and paying for it add broadly speaking, what will it do to the american economy, todd? >> dagen, you mentioned how american households would they he be able to actually stomach this, right now, americans were deleveraging since the recession started and now they're taking on more debt right now. and why is that? food costs up 6% and energy costs, dropping recently, but high for most of the year. you have to go out and take on more debt and now when you start squeezing that take home pay...
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>> how does that go for the economy if we go over the cliff? >> the american economy? >> yes. >> it would be very damaging. there's no reason it should happen. the only reason it would happen is if a group of members of congress decide they are going to block an agreement because they want to extend tax rates for the rich that we can't afford. that's the only reason that will happen. >> or they now say because you are not willing to cut spending must have. >> that's not true. if they want to do more on the spending side than the $600 billion we want to propose on the top we already enacted on top of the savings from the wars, they can tell us how. >> savings in wars we were never going to fight? >> that's not true. as you know, we are winding down two wars. >> i understand that. and you are counting on savings nobody thought urn going to spend that money anyway. it's a budget gimmick, sir. >> no, that's not right. let's say it this way. those were expensive wars not just in american lives but in terms of taxpayer resources and when you end them as the president is doin
>> how does that go for the economy if we go over the cliff? >> the american economy? >> yes. >> it would be very damaging. there's no reason it should happen. the only reason it would happen is if a group of members of congress decide they are going to block an agreement because they want to extend tax rates for the rich that we can't afford. that's the only reason that will happen. >> or they now say because you are not willing to cut spending must have. >>...
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let's make sure that middle class families and the american economy and the world economy aren't adversely impacted because people can't do their job. thank you very much. >> doug: there you have it. the president of the united states announcing the results of his meetal earlier this afternoon -- meeting earlier in afternoon with the bipartisan, bicameral group of the senate/house leaders and it appears to be a constructive meeting. that seems to be the consensus among reid and mcconnell who spoke from the senate floor within the past hour. from now. good evening, everyone. i'm doug mckelway in for bret baier. moments ago, as you saw, the president gave a press conference with three days until the fiscal cliff. about the latest white house meeting with congressional leaders saying it was indeed constructive. we have live fox team coverage. mike emanuel looks at the action in congress today. first, chief white house correspondent ed henry is in the briefing room where the president just spoke. >> you heard the president himself pleading with republicans and democrats on the hill, too, in hi
let's make sure that middle class families and the american economy and the world economy aren't adversely impacted because people can't do their job. thank you very much. >> doug: there you have it. the president of the united states announcing the results of his meetal earlier this afternoon -- meeting earlier in afternoon with the bipartisan, bicameral group of the senate/house leaders and it appears to be a constructive meeting. that seems to be the consensus among reid and mcconnell...
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h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope that is the exception. don't earn more because you lose the safety net. maybe that did not have disincentive we would not h
h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those...
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add to the sum total of the american economy, buy in the culture, who improve the country and those who don't. there is a difference. >> bret: where is the screen? >> well, the screen begins with a conversation about outcomes. why is it that immigrants with certain countries have not thrived and immigrants from other countries have thrived? no one will have the conversation. when the future of the country is at stake, it's worth taking a rational, non-passionate and by the way, nonpolitical look at outcomes. ask real questions. why is it? you're not attacking anybody. these are questions that we need to ask, because the country is at stake. >> what do you do about the 12 million people here? this guy works for a yard landscaping company. he's low skilled. we don't need him. this guy went to a community college, maybe he can -- how do you deal with the people who are already here? that is the crux of the issue. >> bret: these are all very, very big questions with no time to talk about them. but we will talk about them again. that is it for the panel. stay tuned to see one difference
add to the sum total of the american economy, buy in the culture, who improve the country and those who don't. there is a difference. >> bret: where is the screen? >> well, the screen begins with a conversation about outcomes. why is it that immigrants with certain countries have not thrived and immigrants from other countries have thrived? no one will have the conversation. when the future of the country is at stake, it's worth taking a rational, non-passionate and by the way,...
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h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope that is the exception. don't earn more because you lose the safety net. maybe that did not have disincentive we would not h
h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those...
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that is good for this fm lay and good for the american economy. >> in the senate mitch mcconnell proposed a vote on the part of the president's proposal that would allow the white house and not congress to control on its own without their input. but majority leader harry reid said that is not. >> if the president's proposal is made in good faith our friends should be eager to vote for them. so i am surprised the majority leader declined a chance for them to support it for their votes. so i guess we are left to conclude that it couldn't pass by a fair majority of votes and that they would rather that i can take the country off the cliff. >> get ready to listen to lawmakers today try to spin the unemployment report in favor of their proposal one way or the other starting about 3 and a half hours from right now. >> we will be watching. looking forward to seeing those numbers. sthooivengs. >>> it is time for a look at who is talking. this morning we are hearing from john mccain. mccain discussing the growing crisis in syria. the reports frightening. the president bish charral assad preparing
that is good for this fm lay and good for the american economy. >> in the senate mitch mcconnell proposed a vote on the part of the president's proposal that would allow the white house and not congress to control on its own without their input. but majority leader harry reid said that is not. >> if the president's proposal is made in good faith our friends should be eager to vote for them. so i am surprised the majority leader declined a chance for them to support it for their...
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american economy and the world economy aren't adversely impacted because people can't do their jobs. >> chief congressional correspondent mike emanuel is live in washington with the latest, mike. >> heather discussions are underway and i'm told we should not expect any news or announcements before senators are briefed tomorrow afternoon. after a meeting with the president late friday, the senate majority leader sounded cautiously optimistic. >> we have one meeting in the white house that was very constructive and we hope it will bear fruit and that's what we hope to learn. i think that the next 24 hours will be very instructive as to what we're able to accomplish. >> reporter: sources say house speaker john boehner deferred to senate colleagues and told him house leaders were consider, accept or amend their plan, what's not expected to be included is increasing the debt limit, something that democrats wanted and republicans have resisted. if senate leaders cannot strike a deal, the president wants congress to vote on what would be plan c. it would focus on three key areas, keeping ta
american economy and the world economy aren't adversely impacted because people can't do their jobs. >> chief congressional correspondent mike emanuel is live in washington with the latest, mike. >> heather discussions are underway and i'm told we should not expect any news or announcements before senators are briefed tomorrow afternoon. after a meeting with the president late friday, the senate majority leader sounded cautiously optimistic. >> we have one meeting in the white...
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that is good for the american economy. >> republicans believe the reason the president is going light on spending cuts and demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this isn't about getting a handle on the deficits or debt for him. it's about spending even more than he already has. >> white house aides reject republican claims that holding the debt limit over the president head is the only mechanism to get him to trim spending. >> you are going to keep the debt limit goes higher and you're spending money. you and congress. >> president signed in law, $1 trillion in spending cuts. there is a specific proposal to achieve $600 billion in savings from our entitlement programs. including our healthcare entitlement program. jay carney went so far to compare republican pressure on debt creeling to hostage taking. >> this is a profoundly bad idea that i think could not be more frightening for american businesses. and american workers. >> of course, treasury secretary geithner it go may have also frightened people yesterday. by telling cnbc th
that is good for the american economy. >> republicans believe the reason the president is going light on spending cuts and demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this isn't about getting a handle on the deficits or debt for him. it's about spending even more than he already has. >> white house aides reject republican claims that holding the debt limit over the president head is the only mechanism to get him to trim...
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american economy. >> the they're riding on a high horse. unions had a good election in 2012 in november. now they want pay back and one politicians in high places, not just the white house but in congress and the state legislatures that will back them in these demands. politics enwrapped in this but it's a dangerous situation because not only could it hurt the economy, but also when you industries you were mentioning that are union dominated, thing about the ones that have the heaviest concentration of unions. auto companies, steel mills, postal service. what do they have in common? they're not productive, they're not making money. but this is a dangerous game and the only way they can succeed is the politic route. >> neil: all very reliant on the ports as well. quickly, about a half minute. people are asking obama to step? in. can he do anything. >> his national labor relation board has intervened in a lot of cases so yes. the white house could intervene. they're the ones who elected the president. this is an ongoing story and a dangerous
american economy. >> the they're riding on a high horse. unions had a good election in 2012 in november. now they want pay back and one politicians in high places, not just the white house but in congress and the state legislatures that will back them in these demands. politics enwrapped in this but it's a dangerous situation because not only could it hurt the economy, but also when you industries you were mentioning that are union dominated, thing about the ones that have the heaviest...
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american economy. what is it? don't tell you. we'll tell you -- don't move. we'll tell you. that is next on "the five." ♪ ♪ >> eric: future of america. watch. >> who is your favorite founding father? >> abraham lincoln. >> he's not a founding father. first president. >> i want to get this down on a tape recorder because nobody will believe me. >> george washington. >> what is a founding father? >> hi. i'm earth. have we met? >> what is ben franklin famous for? >> 100th president. >> eric: genius. they're racking up the student loan debt at a record and dangerous pace. in fact, the student loan debt is sitting at trillion dollars. we talk about this all-air for long time. 93% of people student loan debt is held by the government. >> dana: president obama made it more so. he took out private lending last year. we have kids that want college experience. the big college experience. they finished. they can't find jobs. unemployment rate is 40% area. they can't find jobs and they can't pay back the stude
american economy. what is it? don't tell you. we'll tell you -- don't move. we'll tell you. that is next on "the five." ♪ ♪ >> eric: future of america. watch. >> who is your favorite founding father? >> abraham lincoln. >> he's not a founding father. first president. >> i want to get this down on a tape recorder because nobody will believe me. >> george washington. >> what is a founding father? >> hi. i'm earth. have we met? >>...
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nobody under sands it paul a big no spoener around the necks of the american economy. every one has something in it that probably sounds good but look what it adds up to. >> lastly on the spending. the machinery is a welfare state. we have to take care of people and help people. unintended consequence? >> what worries me is this is where you are hurting people. when you look at the programs it blocks a welfare street. there are shocking figures showing you are trying to make your you are getting taxed on one end the government is taking away business. you have lower income people trying to get better off who lose living standards. they have left disposable income if they get 1,000 more in salary. >> because they pay more in taxes and lose government benefits. >> when it is earned income credit. whether it is medicaid el admissibility housing assist stance. you are on a treadmill, ush o you are running head and ahead. that's what we expend to someone on disability and not bosching as hard. you are better off staying there than earning 55,000? i hope this auz wan ex step
nobody under sands it paul a big no spoener around the necks of the american economy. every one has something in it that probably sounds good but look what it adds up to. >> lastly on the spending. the machinery is a welfare state. we have to take care of people and help people. unintended consequence? >> what worries me is this is where you are hurting people. when you look at the programs it blocks a welfare street. there are shocking figures showing you are trying to make your...
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american economy. >> no! we will crash from debt. >> speaker boehner is trying to make a deal. you don't want a deal apparently. >> juan, obama wants more stimulus! by the way, stimulus crowds out the private sector. it doesn't work! >> you guys put words on the books, social spending and still don't want to acknowledge you helped crash the economy. >> $139,000 per household, we're in debt. stop this penning, juan. get on obama! he's your buddy. >> we got to go. good to see you. coming up, the white house makes its first move on limiting gun owners' rights. but this is just the tip of the iceberg. we'll look what their proposal and what proposed bans it could lead to. coming up next, $60 billion, you think it's a relief for sandy storm victims? it's filled with millions and millions of unrelated pork. that shocking and egregious examples are coming up next straight ahead ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, test at t. rowe
american economy. >> no! we will crash from debt. >> speaker boehner is trying to make a deal. you don't want a deal apparently. >> juan, obama wants more stimulus! by the way, stimulus crowds out the private sector. it doesn't work! >> you guys put words on the books, social spending and still don't want to acknowledge you helped crash the economy. >> $139,000 per household, we're in debt. stop this penning, juan. get on obama! he's your buddy. >> we got to...
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but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very instructive as to what we are able to accomplish. >> if it doesn't work president obama wants lawmakers to vote on what would essentially be plan c. here is what it would include. focusing on three key area. keeping tax cuts for those making $250,000 a year or less. extending unemployment benefits and it would delay dramatic spending cuts until later next year. the top senate republican recognizes this is a critical time. >> we are engaged in discussions the ma
but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in...
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it would be absolutely traumatic for the american economy and the global economy and the recession is not exactly in the midst of a strong recovery. it's pretty weak, so i don't think it's good news for anybody and this is something that the press doesn't pay attention to, greg. i think that if obama has to start a second term with everybody saying, oh my gosh, the sky is falling, the economy is going to hell, then consumer confidence thinking, that's not good news for democrats, so why would you think it's good news for democrats? >> because you just sounded like a republican. >> oh sclop! get out of here. >> you're saying that hurts the party. welcome to the republican party. >> rags nam people say that's not a good thing to do. i would hope that rationality before new year's eve would land like an alien rocket ship in washington and get these people to the table. >> alice, you're sane, i believe. what do you make of this? the point i'm trying to make is, why the democrats scared of the fiscal cliff when it defines, basically, their ultimate dream. >> the democrats are anxious, they
it would be absolutely traumatic for the american economy and the global economy and the recession is not exactly in the midst of a strong recovery. it's pretty weak, so i don't think it's good news for anybody and this is something that the press doesn't pay attention to, greg. i think that if obama has to start a second term with everybody saying, oh my gosh, the sky is falling, the economy is going to hell, then consumer confidence thinking, that's not good news for democrats, so why would...
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american economy. >> now, the president expressing on michelle there. we are told as well that his staff and speaker boehner's staff have now sort of resumed an open line of communication to try to work this out. so that might be some sign of hope. on the other hand, president and the speaker have not gotten on the phone again yet. so, until they do that. we know we are not that close to a deal, shep. >> sherd: republic leaders are saying that the president is focusing too much on one side of the fiscal cliff balance. >> that's right. they say he is focused as you heard in that sound bite about taxes and that part of it. they are not hearing a lot about spending cuts which republicans obviously think is the big driver of the debt issue. when the president is now demanding that raising the nation's debt ceiling combined in this deal. what republicans like mitch mcconnell think is going on the president just wants to spend more money. listen. >> what the president is really interested in as we learned just yesterday, is getting as much taxpayer money as h
american economy. >> now, the president expressing on michelle there. we are told as well that his staff and speaker boehner's staff have now sort of resumed an open line of communication to try to work this out. so that might be some sign of hope. on the other hand, president and the speaker have not gotten on the phone again yet. so, until they do that. we know we are not that close to a deal, shep. >> sherd: republic leaders are saying that the president is focusing too much on...
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>> i never like to bet against the american economy and there are so many spirits. and we haven't had a real recovery in four years. you get the feeling that the economy is ready to pop, but the countervailing argument everything washington is doing expansion. and i entirely agree with your previous conversation that energy and technology are just drivers of high powered growth, but the countervailing force i think follows the higher tax rates coming in 2013 and some of the regulations and obamacare are holding back business's willingness to expand and hire more workers. >> paul: not just the regulatory wave on health care, there's huge with dodd frank reform and huge pentup regulatory wave hit on energy. all kinds of rules hitting utilities and energy company. so who wins? washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. business investment is now weaker than in 2008. and on top, so you have lots of companies sitting on their hands and
>> i never like to bet against the american economy and there are so many spirits. and we haven't had a real recovery in four years. you get the feeling that the economy is ready to pop, but the countervailing argument everything washington is doing expansion. and i entirely agree with your previous conversation that energy and technology are just drivers of high powered growth, but the countervailing force i think follows the higher tax rates coming in 2013 and some of the regulations...
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an administration obsessed with transforming the domestic american economy and quite comfortable with the decline in american influence overseas and techicolor it in tech any here in the next few days if the deal that they are talking about on capitol hill which does not include any solution for the defense sequestration problem of half a trillion dollars of additional cuts in our defense spending over the next several years if that kicks in as it now looks like it is going to, our ability to do much of anything around the world is going to be substantially decrease. >> that is troubling. some critics may jump on you for saying that the administration doesn't take the national security seriously. do you think that is really a fair assessment? >> i think in the list of obama's priorities national security is no where near the top. i think it makes him different from the long line of american presidents republican and democrats since franklin roosevelt after pearl harbor. i think idea logically he is content with the american position around the world. that is what the administration is
an administration obsessed with transforming the domestic american economy and quite comfortable with the decline in american influence overseas and techicolor it in tech any here in the next few days if the deal that they are talking about on capitol hill which does not include any solution for the defense sequestration problem of half a trillion dollars of additional cuts in our defense spending over the next several years if that kicks in as it now looks like it is going to, our ability to...
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a huge amount of the american economy that is basically under the thumb and gun of big labor threats. the l.a. and long beach strike that lasted a little over a week around thanksgiving was estimated by some estimates to have cost a billion dollar a day. this would have been far worse. i don't think it's over. we're not out of woods. we don't know the details. and the sticking point has been these container royalties, an issue i've covered more than a year. what people need to know is it's a an archaic holdover from the '60s and '70s, essentially every longshoreman on the east coast, on the gulf coast, is paid something on the order of $16,000 per head for the containers fees. it's a relic from the age when unions were very concerned when america was moving towards modernization. it was basically a payoff to big labor to compensate for automated cargo weighing. now, think about your average worker in any other industry. do they get compensation or payoff because america moved forward and we have advanced in technology? it's ridiculous. even the maritime association, the negotiating ta
a huge amount of the american economy that is basically under the thumb and gun of big labor threats. the l.a. and long beach strike that lasted a little over a week around thanksgiving was estimated by some estimates to have cost a billion dollar a day. this would have been far worse. i don't think it's over. we're not out of woods. we don't know the details. and the sticking point has been these container royalties, an issue i've covered more than a year. what people need to know is it's a an...
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Dec 7, 2012
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he's doing something that he thinks will hurt the american economy, $800 million of tax on job creators, he's splitting his party, he's demoralizing his base and he's doing this to try to cut a deal that he can't in his heart really believe in. >> is it not better to at least try to come to sort of -- come off a little bit. but the president, by changing his goalpost, because first he said it was $800 billion when he was running for office, now it's 1.6, then the president said he wants to have a credit card with no limits in terms of the debt ceiling and the president looks as the term you used is arrogant. i think the president has a grudge because speaker boehner has said you want to get $800 billion from the rich. let me get $800 billion from the rich but instead of raising the tax rate, let me get $800 billion. the same people, the same amount, but i'll get them differently through closing loopholes and getting rid of some deductions. and the president, the white house said no i think because the president wants to rub his nose in it and extract it in increased rates. >> he could g
he's doing something that he thinks will hurt the american economy, $800 million of tax on job creators, he's splitting his party, he's demoralizing his base and he's doing this to try to cut a deal that he can't in his heart really believe in. >> is it not better to at least try to come to sort of -- come off a little bit. but the president, by changing his goalpost, because first he said it was $800 billion when he was running for office, now it's 1.6, then the president said he wants...
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Dec 29, 2012
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but let's make sure that middle class families and the american economy and in fact the world economy are aren't adversely affected because people can't do their jobs. >> and today lawmakers are in staff level meetings trying to figure out how to steer us away from the cliff. we are hearing that even though senator mcconnell is trying really hard to help a deal along behind the scenes, it is still going to be very hard to get anything done this late in the game. back to you in new york. >> dave: i am very optimistic that they are going to kick the can down the road. they are going to get nothing done, peter. they are going it get this little deal that solve solves nothing. very good. kick the can downtown road again. people are tweeting me. who do you think is going to be blamed for this? >> dave: short-term republicans. long-term it's on the president's lap. >> clayton: their backs are against the wall right now. we will see. a day and a half to get something done before the president forces harry reid's te name john boehner or -- >> juliet: if the economy tanks that's his legacy. if
but let's make sure that middle class families and the american economy and in fact the world economy are aren't adversely affected because people can't do their jobs. >> and today lawmakers are in staff level meetings trying to figure out how to steer us away from the cliff. we are hearing that even though senator mcconnell is trying really hard to help a deal along behind the scenes, it is still going to be very hard to get anything done this late in the game. back to you in new york....
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Dec 10, 2012
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h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope that is the exception. don't earn more because you lose the safety net. maybe that did not have disincentive we would not h
h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those...
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Dec 31, 2012
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american economy in very real ways. until we can come to a deal that doesn't include, the kinds of cuts to spending that would affect their livelihood. that is not what we're talking in the spending conversation. these entitlement cuts would have a meaningful impact on their lives. it doesn't seem like the right way forward. jon: as you know, the increase on the top 2% really isn't going to reduce the deficit. it seems to be the spending problem they will have to attack. that is discussion for another day. alexis mcgill johnson. ron bonjean. thank you both. >> thanks so much. uma: well, if going off the fiscal cliff sound dangerous check out the action as this year's car jumping championship in west sussex, england. this is an wall competition where the goal is to try to jump over as many cars as possible. each jump is judged on height, applause from the crowd and distance. in the end it was 31-year-old john harbor took home the crown after clearing a total of nine cars. unbelievable. wow. jon: i think you have to get a
american economy in very real ways. until we can come to a deal that doesn't include, the kinds of cuts to spending that would affect their livelihood. that is not what we're talking in the spending conversation. these entitlement cuts would have a meaningful impact on their lives. it doesn't seem like the right way forward. jon: as you know, the increase on the top 2% really isn't going to reduce the deficit. it seems to be the spending problem they will have to attack. that is discussion for...
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>>gregg: i am single-handedly holding up the american economy. one man stimulus. >>heather: you can catch brand da every saturday morning at 10:00 a.m. right here. >>gregg: it legal immigrants could get a free pass in the united states as immigration and customs enforcement unveil a new border patrol policy to bypass certain kinds of offenders. dominic is live in our west coast newsroom with more. >>reporter: yes, this policy snuck through hoping people would not notice and now illegal immigrant if they commit a petty crime they are not deported. the aim of homeland security and customs is to consequence trait resources on hunting down the dangerous illegal immigrants, instead, including people with violent charges, or sex abuse, and antiimmigration lobbyists are fuming saying it is letting people off the hook. >> everyone agrees that serious felons need to be removed but the message being spent if you don't commit a serious felony and you only break the immigration law there are no consequences and there will be amnesty. the national reaction of people around the
>>gregg: i am single-handedly holding up the american economy. one man stimulus. >>heather: you can catch brand da every saturday morning at 10:00 a.m. right here. >>gregg: it legal immigrants could get a free pass in the united states as immigration and customs enforcement unveil a new border patrol policy to bypass certain kinds of offenders. dominic is live in our west coast newsroom with more. >>reporter: yes, this policy snuck through hoping people would not notice...
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Dec 29, 2012
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let's make sure that middle-class families and the american economy and in fact the world economy are not adversely impacted because people can do their can't do their jobs. >> arthel: now the latest. >> discussions are ongoing but we shouldn't expect any announcements before senators are briefed. key players are pretty tight-lipped. after a white house meeting yesterday, one of the top negotiators sounded hopeful. >> we had a longs meeting in the white house, very constructive. we hope that it will bear fruit. i think that the next 24 hours will be very instructive as to what we're able to accomplish. >> reporter: sources say john boehner referred to his senate colleagues and told them house leaders would consider their plan. one item raising the debt limit is not expected to be a part of any final compromise. if senate leaders fail the president wants congress to vote his plan keeping tax cuts for making $250,000 a year less, extending unemployment benefits for some 2 million people and delaying spending cuts until later this year. white house officials that top senate republican wi
let's make sure that middle-class families and the american economy and in fact the world economy are not adversely impacted because people can do their can't do their jobs. >> arthel: now the latest. >> discussions are ongoing but we shouldn't expect any announcements before senators are briefed. key players are pretty tight-lipped. after a white house meeting yesterday, one of the top negotiators sounded hopeful. >> we had a longs meeting in the white house, very...
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Dec 4, 2012
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trace, thanks. >>> well, new concerns that the american economy is being weighed down by what some are calling an entitlement epidemic. including a spike in some hard-to-prove disability payments. wait until you hear the numbers, the numbers of how many of those disability payments we are paying out now versus a couple decades ago. up next, new concerns about the $130 billion taxpayer-funded program. >>> plus, accused kidnappers foiled by their apparent victim, even as he's tied up in the trunk of his own car. >>> and president reagan called america a shining city on a hill. so how did that city go from being number one to number 16 on the best places to be born list, and what do we have to do to climb back up? >> and finally, my fellow americans, may every dawn be a great new beginning for america and every evening bring us closer to that shining city upon a hill. ♪ megyn: quick update now from the white house on a story we've been watching today. the country of iran earlier reported that it had seized a u.s. drone. the islamic republic saying it captured this drone after it entered
trace, thanks. >>> well, new concerns that the american economy is being weighed down by what some are calling an entitlement epidemic. including a spike in some hard-to-prove disability payments. wait until you hear the numbers, the numbers of how many of those disability payments we are paying out now versus a couple decades ago. up next, new concerns about the $130 billion taxpayer-funded program. >>> plus, accused kidnappers foiled by their apparent victim, even as he's...
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Dec 28, 2012
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gregg: if consumer spending is 70% of the american economy, and it is clearly, this couldn't come at a worse time, right. >> you think about this. majority of the their spending is typically the holiday season. retailers are banking on close to 50 or 60% of the their sales just during the holiday season and those get cut dramatically or not meeting expectations like we're seeing that hurts retailers directly. that then leads to layoffs. that leads to higher unemployment. this trickle down effect that really cares the heck out of me. sure consumer confidence is one number but it breaks down the underlying situation that we do have with the economy. gregg: if there's a small deal. and i was talking to chris van hollen in the leadership earlier today for the democrats, he said, small deal is what we're going to have, well, is that any good? a small deal is almost know deal, right. >> a small deal does nothing for the confidence of the consumer. nothing for confidence of investors or wall street. all this does is give us more of the same. kicking the can down the road. we want something
gregg: if consumer spending is 70% of the american economy, and it is clearly, this couldn't come at a worse time, right. >> you think about this. majority of the their spending is typically the holiday season. retailers are banking on close to 50 or 60% of the their sales just during the holiday season and those get cut dramatically or not meeting expectations like we're seeing that hurts retailers directly. that then leads to layoffs. that leads to higher unemployment. this trickle down...
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that has enormous up side for the american economy, for jobs if we could become energy independent dent and tkpwept the oiget the oil and natural gas. there arthere are indications that the administration is trying to hold that back to make it very difficult for drillers to get at the resource. heather: they differentiate the regulations, those that are deemed economically significant and those that are not. >> right. by the way there are scores and scores of these regulations, that even the white house admits, heather have a price tag to the economy of over a hundred million dollars, some of them like the one you were talking about with respect to some of the new environmental regulations could have cost the economy over a billion dollars. i guess the question is, shouldn't we really be investigating whether the costs of these regulations exceed the benefits? that is not something that is happening in washington and it could have a very harmful effect i when you have 20 million americans unemployed today. >> they projected a loss of 887,000 jobs annually from the administration's regul
that has enormous up side for the american economy, for jobs if we could become energy independent dent and tkpwept the oiget the oil and natural gas. there arthere are indications that the administration is trying to hold that back to make it very difficult for drillers to get at the resource. heather: they differentiate the regulations, those that are deemed economically significant and those that are not. >> right. by the way there are scores and scores of these regulations, that even...
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the president said this a123 would be leading the american economy for years to come. yes, i'm sure that if they had this to do over again, they'd be someplace other than in the town next door. megyn: so we gave them $249 million stimulus grant, call it 250 because it's easier to just -- okay. so call it $250 million. they spent 332 million of it -- 132 million of it. they couldn't spend the whole thing because they were failing so miserably, it was clear it wasn't going to happen. so they spent 132 million of it including to build two detroit-area factories, and now they've gone under. the chinese are swooping in and buying this company, and that $132 million of the stimulus money that was spent to build up whatever, whatever battery-making facilities and abilities they had, that's all going to go in the hands of the chinese? >> right. that's all, that's all going away, and as a nice added irony in all of this, what have money we borrowed from the bank of china to finance whatever part of the grant that was given to a123 batteries, we still have to pay that back. the
the president said this a123 would be leading the american economy for years to come. yes, i'm sure that if they had this to do over again, they'd be someplace other than in the town next door. megyn: so we gave them $249 million stimulus grant, call it 250 because it's easier to just -- okay. so call it $250 million. they spent 332 million of it -- 132 million of it. they couldn't spend the whole thing because they were failing so miserably, it was clear it wasn't going to happen. so they...
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so what can the federal government do to kick start the economy and get more americans back to work in the new year? that's what we need. well, economists and former speech writer to former prime ministers nixon and ford -- presidents nixon and ford, ben stein joins us just ahead. jon: lawmakers in michigan are facing a union backlash over the right to work. heather: and a fight on a subway platform below times square in new york city ending in death. a photographer catching a haunting image and a lot of flak as well. our news watch panel weighs in on the ethics of photo journalism. jon: also what could be an advance in the fight against alzheimer's. >> our understanding of how memory works fits well with how this surgery might work. five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've gotine grams of protein. that's t
so what can the federal government do to kick start the economy and get more americans back to work in the new year? that's what we need. well, economists and former speech writer to former prime ministers nixon and ford -- presidents nixon and ford, ben stein joins us just ahead. jon: lawmakers in michigan are facing a union backlash over the right to work. heather: and a fight on a subway platform below times square in new york city ending in death. a photographer catching a haunting image...
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Dec 21, 2012
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bush for the first time. this is now going to be obama's economy. if it goes sour it will be obama's failure when it goes south. i think president owe bhaum has been such an orator, a lecturer, so much a guy at the center of things and so much power with pelosi and reed in the first two years he really has not gotten the rhythm. he and boehner should be meeting for hours and hours and hours. we calculated president clinton and i met for 35 days all together because you got to listen to each other. you dgot to say look, this is what i got to get this is what i can't do. is there some place in here where we can work something out. it takes a lot of time. i got a sense these two guys spend almost no time in serious conversation. >> the markets reacting to a fact that a deal to avoid the fiscal cliff appears less likely. lauren simonetti from fox business network joins us now with more on this and other story you can bank on. the fiscal cliff looming ever closer and the markets not happy. >> what happened to all of the optimism on a positive resolution
bush for the first time. this is now going to be obama's economy. if it goes sour it will be obama's failure when it goes south. i think president owe bhaum has been such an orator, a lecturer, so much a guy at the center of things and so much power with pelosi and reed in the first two years he really has not gotten the rhythm. he and boehner should be meeting for hours and hours and hours. we calculated president clinton and i met for 35 days all together because you got to listen to each...
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Dec 12, 2012
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house slow walks this discussion the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> good morning the president has said on daily basis that we should be passing a balanced plan, but what we hear from the president is continuing only discussion on one side of the ledger, it has always been about tax rates increases, and nothing about spending, and we insist to say, look, there president, let's talk about a balanced plan, but where are your specifics on the spending cuts? even his own advisers say that any kind of agreement we come to has to deal with the prime drivers of our deficit, which is the spending and, particularly the healthcare entitlement programs. we ask the president to please sit down with us and be specific and let's get that balanced plan. you know, it's interesting that the senate has passed a bill that is a bill calling for increased revenues of $850 billion. the president continues to say, support that bill, pass that bill. well how is that the case when he continues to say, we also need $1.4 trillion in additional ne
house slow walks this discussion the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> good morning the president has said on daily basis that we should be passing a balanced plan, but what we hear from the president is continuing only discussion on one side of the ledger, it has always been about tax rates increases, and nothing about spending, and we insist to say, look, there president, let's talk about a balanced plan, but where are your...
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of dollars this could impact the economy. what other impacts could this have? >> pretty much every american and product in all these containers, they get off-loaded from ships or loaded onto ships. imports and exports. things made in america to sell overseas and things americans want to buy from overseas. electronics, toys, manufactured goods, everything you can think of. a strike all on the east coast and gulf coast would have been far worse on the economy than the one in california. >> there was a strike in long beach in los angeles a few weeks ago. that was just clerks and it cost the area $1 billion a day. >> this just out from the florida governor's office, we are asking the president to pursue any means possible, including invoking the taft hartley act to avoid work stoppage, a shutdown of florida ports is not an option. president obama did not signify how he would have reacted had the strike happened. would he have chosen, we can't alienate all our union campaign supporters that just got us elected. or would we actuall
of dollars this could impact the economy. what other impacts could this have? >> pretty much every american and product in all these containers, they get off-loaded from ships or loaded onto ships. imports and exports. things made in america to sell overseas and things americans want to buy from overseas. electronics, toys, manufactured goods, everything you can think of. a strike all on the east coast and gulf coast would have been far worse on the economy than the one in california....
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Dec 2, 2012
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that will weaken the economy. that will ultimately weaken the people who pay the bills for entitlements. that is the first problem we have. >> jamie: so everybody gets taxed an you wouldn't expect income to rise. the unemployment situation, where does that go? >> guest: the best results we can expect from the fourth quarter is 1% economic growth. that's pathetic. we may tip in to recession in the first quarter of next year if taxes go up as much as they do. it's the largest tax increase in american history. what i think we can do, and what would make the most sense since both sides seem to be dug in, let's build a bridge over the fiscal cliff, temporary bridge that says, you know, we will extend the tax cuts. you know, we'll reduce the spending cuts, especially in defense. we've going to do it for three months, six months. then we can have some time to look at this responsibly. remember, congress and the president never do anything that close to a good job if they are on a deadline or rush timetable. you know, we
that will weaken the economy. that will ultimately weaken the people who pay the bills for entitlements. that is the first problem we have. >> jamie: so everybody gets taxed an you wouldn't expect income to rise. the unemployment situation, where does that go? >> guest: the best results we can expect from the fourth quarter is 1% economic growth. that's pathetic. we may tip in to recession in the first quarter of next year if taxes go up as much as they do. it's the largest tax...
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term completely misunderstands the american history. he got away with blaming george w. bush for the first term. this is going to be obama's economy. if it goes sour, it will be his failure when it goes sour. >> i am so glad you brought that up. i was wonder fght white house is thinking, oh, my gosh, what did we just do? they pushed the republicans to the point where now, the market's already reacting, saying we don't like this, we don't like the way this is going. if it's over the fiscal cliff. republicans might take the blame. but at this point, the white house bears responsibility for putting them in the position where their backs are against the wall and boehner had come all that way and they said no. >> the house republicans and the senate republicans don't look at a poll for the next 12 months. the election is in 2014. figure out what you want to go to the american people with, what the real choice will be in 2014. work away at it steadily. people will come to believe in your seriousness and what you are trying to accomplish. the
term completely misunderstands the american history. he got away with blaming george w. bush for the first term. this is going to be obama's economy. if it goes sour, it will be his failure when it goes sour. >> i am so glad you brought that up. i was wonder fght white house is thinking, oh, my gosh, what did we just do? they pushed the republicans to the point where now, the market's already reacting, saying we don't like this, we don't like the way this is going. if it's over the fiscal...
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Dec 30, 2012
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negative impact on our economy and on the overwhelming majority of americans. >> shannon: how do you respond to house republicans who will say we have sent you a couple of bills and voted on something that would stop tax increases and deal with sequester and sent them to the senate where they languish and never get a vote. even if the leadership there doesn't approve of the up, voteng content of the bill on them, amend them, why hasn't that happened? >> great question. what we saw last week is that speaker boehner attempted to pass and failed to pass a bill that would have allowed the tax rates currently in force to extend for everyone earning income below a million dollars. for all income below a million dollars. and he believed he had support for that. his whip team led the work for that and they ultimately didn't even put it on the floor because it didn't have enough votes within the republican majority caucus. while they have taken up and passed and sent to the senate a bill that continues the current rates for all americans, they takes insent one that tables the core principle o
negative impact on our economy and on the overwhelming majority of americans. >> shannon: how do you respond to house republicans who will say we have sent you a couple of bills and voted on something that would stop tax increases and deal with sequester and sent them to the senate where they languish and never get a vote. even if the leadership there doesn't approve of the up, voteng content of the bill on them, amend them, why hasn't that happened? >> great question. what we saw...
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Dec 6, 2012
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when the media convinces a majority of americans who voted in november that the economy was george bush's fault, we can't just say give into. >> sean: you're saying give into what the media is saying about you. >> no. but every once in a while to too something that feeds into a particular stereotype of republicans. >> sean: you think they're ever going to like them? >> you don't give up everything. there's certain things that make it worse, and i think there are a lost ways you can raise taxes on rich liberals. hollywood, warren buffett. >> sean: i agree with those. you also talked about the rates. >> those are the truly rich. >> sean: that's what obama wants. >> the democrats, how do they vote against that? we can turn the tables on them. look. that whole war on whim chit than chitchat, that campaign waged against rules was meaningless until todd akin. if republicans blocks tax cut as the media will portray it. >> sean: let me say one last thing to you. there comes a point in time when you have to ask yourself when are you going to fight. you're telling me they should put their media con
when the media convinces a majority of americans who voted in november that the economy was george bush's fault, we can't just say give into. >> sean: you're saying give into what the media is saying about you. >> no. but every once in a while to too something that feeds into a particular stereotype of republicans. >> sean: you think they're ever going to like them? >> you don't give up everything. there's certain things that make it worse, and i think there are a lost...
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the president speaking at the white house at the business roundtable about the economy. fiscal cliff certainly the issue in the short term for a lot of big businesses and certainly for a lot of american taxpayers. however, long term is another story when it comes to the economy, and entitlements, the president referring to that as well. as we continue to get that feedback you can check it out foxnews.com, in the meantime we're going to move onto other news as well. >> reporter: and so let's begin with the violence that is appearing to really spiral out of control. secretary of state hillary clinton says she fears a desperate president bashar al-assad in syria may resort to using chemical weapons on his own people. in the meantime, the united nations is hint thag there wil hinting that there will be no asylum for bashar al-assad as the syrian dictator makes it clear that he will die before leaving the country under any circumstances. what is going on behind the scenes, for that we turn to corn powell following all the latest developments from our mideast bureau in jerusal
the president speaking at the white house at the business roundtable about the economy. fiscal cliff certainly the issue in the short term for a lot of big businesses and certainly for a lot of american taxpayers. however, long term is another story when it comes to the economy, and entitlements, the president referring to that as well. as we continue to get that feedback you can check it out foxnews.com, in the meantime we're going to move onto other news as well. >> reporter: and so...
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the talk is on the economy, all the talk is on jobs and rightly so. members of the american business community, these are ceo's now gathering with the president at roundtable. we will hear remarks from the president. should get an idea about how he's thinking about which way the wind is blowing today especially coming off the heels of eric cantor and john boehner's remarks 30 minutes ago. we'll take you when it happens to the white house. new details surrounding what will be the longest amount of time an american has spent in space during a single space mission. scott kelly, twin brother of giv gabby gifford's husband mark kelly set to spend an entire year in space. casey stegall drew the short straw, i guess he drew the long straw then. when does this begin. >> reporter: it's quite a privilege and scott kelly talked about this this morning at a press conference that happened down at johnson space center. he says this he's honored because he was on a very long list of very qualified astronauts to carry this out. training starts early next year and the
the talk is on the economy, all the talk is on jobs and rightly so. members of the american business community, these are ceo's now gathering with the president at roundtable. we will hear remarks from the president. should get an idea about how he's thinking about which way the wind is blowing today especially coming off the heels of eric cantor and john boehner's remarks 30 minutes ago. we'll take you when it happens to the white house. new details surrounding what will be the longest amount...